Yves Mersch
Libra's Cryptocurrency to Undercut the ECB's Powers?
The widespread adoption of Facebook's Libra cryptocurrency may undermine the ability of the European Central Bank (ECB) to determine monetary policy, a potential risk for the currency bloc. This was stated today by ECB board member Yves Mersch, quoted by Reuters.
ECB Unveils New €50 Banknote
The European Central Bank has announced that the new 50 euro banknotes, with the word "euro" written in Cyrillic script enter circulation on 4 April.
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ECB 'still has ammunition' to boost eurozone: board member
Financial markets may have been disappointed by the European Central Bank's latest round of policy moves, but it still has other measures up its sleeve to boost recovery in the euro area, executive board member Yves Mersch said.
"As the Gauls say, if the sky doesn't fall in, we still have other ammunition we can use," Mersch told journalists at a dinner late on Dec. 9.
ECB launches securities for Greece, Malta, Romania and Switzerland
The European Central Bank released a press statement announcing that the first group of securities depositories and their user communities from Greece, Malta, Romania and Switzerland are now connected to the T2S for settlement of euro transactions: Read the full statement:
ECB's Mersch says euro membership is irreversible
Membership of the eurozone is irreversible and leaving the single currency is not foreseen in the European Union?s treaty, a top European Central Bank official said on Tuesday.
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European court upholds key anti-crisis program
The European Court of Justice has delivered a ruling strengthening the European Central Bank's hand in intervening in financial markets - backing that could come in handy amid fears Greece will default on its debts and possibly leave the 19-country euro currency union.
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ECB said to raise Greece's ELA ceiling by most since February
By Karl Stagno Navarra, Christos Ziotis & Alessandro Speciale
The European Central Bank raised the level of emergency cash available to Greek banks by 2.3 billion euros ($2.6 billion), people familiar with the decision said.
Greek endgame nears for Tsipras as bank collateral hits buffers
By Nikos Chrysoloras & Vassilis Karamanis
Greek banks are running short on the collateral they need to stay alive, a crisis that could help force Prime Minister Alexis Tsipras?s hand after weeks of brinkmanship with creditors.
ECB's Mersch says Greek measures like IOUs would have high cost
Greece would face significant costs if it introduced a parallel currency or capital controls to manage its financial crisis, European Central Bank Executive Board member Yves Mersch said.
Mersch says Draghi comments reflect Trichet’s 'strong vigilance’
The European Central Bank has indicated that it is close to easing monetary policy in June, according to Executive Board member Yves Mersch.
ECB President Mario Draghis comment on May 8 that officials are comfortable with taking action next month is similar to the policy signals given by his predecessor, Jean- Claude Trichet, Mersch said at an event in Berlin.